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a) Describe the benefits of gasoline/diesel powered engines compared to various alternatives.
b) Discuss the costs of gasoline/diesel powered engines compared to the alternative.
c) Various scholars, including Greg Mankiw, have suggested that consumers of gasoline/diesel engines do not internalize all of the costs of these engines; what solution do they suggest for this issue and discuss the economic arguments for and against such solutions.
d) What are the estimates of the elasticity of the demand for gasoline in the short-run and what are the implications for the solutions discussed in response to part c
e) Discuss the economic arguments in favor of and against the subsidies (both implicit and explicit) provided to gasoline/diesel engines as well as their alternatives. Make sure to provide a comprehensive discussion of all types of subsidies.
Consider a utility function where Utility in period t if a person exercises is 2, and utility in period t+1 if they exercise is 8. On the other hand if they donít exercise, their utility in period t is 6, and their utility in period t+1 is 4.
In 2011, Jean earns a salary of $150,000 and invests $20,000 for a 20% interest in a partnership not subject to the passive loss rules.
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles.
Consider the following after-tax cash flows: Compute the future worth’s of the projects at the end of period 7. Assume that the required service period is seven years and that the company is considering a comparable equipment that has an annual lease..
What is probability that these 64 students will spend a combined total between $703.59 and $728.45.
Crowding out occurs when
Explain how did the early classical economists view the relation between productions also consumption.
Why do the United States and many other countries have antitrust laws on the books? What's so harmful about oligopoly that warrants an entire body of law?
How reliable is the Internet as a source of information for your research? What are the ways you can validate information that you find on the Internet? Why is this necessary? Use examples from the Information Literacy module you reviewed this week.
If the interest rate is 8%, determine if the new column should be purchased. Solve by both present worth and annual cash flow analysis methods.
Identify those who gave us the concepts of monopsony and human capital.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
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